GEP's procurement software tops Spend Matters' 2024 SolutionMap

06 March 2024 Consulting.us 1 min. read
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GEP Smart procurement software was the highest-ranked product for the sixth consecutive year in Spend Matters’ Spring SolutionMap report.

GEP earned top marks across an analysis of 79 procurement software vendors, achieving the highest scores by analyst and customer standards in 12 product categories. That included top scores in all market personas in source-to-pay, procure-to-pay, and source-to-contract suites, as well as individual categories such as spend and procurement analytics, suppler relationship management and risk, and sourcing for large- and mid-size companies.

“We introduced GEP SMART to upend the status quo, and we continue to set the standard, transforming how the world’s leading companies create greater value from procurement,” said Al Girardi, GEP’s chief marketing officer. “We’re even more excited about our future because with the industry’s first AI-driven low-code platform, built with AI from the ground up, we better enable our customers to identify savings and supplier risk, and drive sustainable value chains.”

GEP's procurement software tops Spend Matters' 2024 SolutionMap

Spend Matters’ SolutionMap report put 79 procurement technology vendors through a rigorous functionality and capability assessment via 500+ request-for-information requirements with mandatory demos and impartial, anonymized customer ratings.

GEP’s software suite comprises GEP Smart, its procurement software product, and GEP Nexxe, its cloud-native supply chain unified platform. Smart and Nexxe are powered by GEP Quantum, an AI-first, low-code platform for procurement, supply chain, and sustainability.

GEP is a leader in multiple Gartner Magic Quadrants and has been awarded and recognized by other research firms, such as Forrester and IDC.

GEP is based in Clark, NJ and provides software, managed services, and consulting for procurement and supply chain. The firm has over 5,000 people across 21 offices and operations centers in the Americas, Europe, and Asia.